JSW Steel’s Q1FY23 Quarter Results

JSW Steel reported 32% YoY revenue growth
  • 22 Jul 2022
  • JSW Steel reported 19% quarter-on-quarter (QoQ) decline in its consolidated revenues for the quarter ended June (Q1FY23). On a year-on-year (YoY) basis, it witnessed a growth of 32%.
  • Its expenses for the quarter were down by 10% QoQ and up 78% YoY.
  • The net profit decreased by 75% QoQ and 86% on a YoY basis.
  • The earnings per share (EPS) of JSW Steel stood at 3.5 during Q1FY23.

JSW Steel’s Financial Statements for Q1FY23:

(Rs, crores) Q1FY22 Q4FY22 Q1FY23 QoQ (%) YoY (%)
Total Income
29,100
47,128
38,275
-19%
32%
Total Expenses
20,804
41,282
36,977
-10%
78%
Profit before tax
8,619
5,074
1,281
-75%
-85%
Tax
2,719
1,731
442
-74%
-84%
Profit after tax
5,900
3,343
839
-75%
-86%
Earnings per share
24.5
13.5
3.5

Data Source: BSE, Company announcements

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